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Investment Property For Sale

For sale: £500,000.00|Residential


FOR SALE£500,000.00
ADDRESSFlat 1, 31 Weeks Road, PO33 2TL
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON12th March 2019


Situated on Weeks Road in a predominantly residential area.

Weeks Road is just within a short walk away from Ryde High Street which offers shops such as The Co-Operative, Iceland, The Works, Poundland and Costa Coffee. Also popular with shoppers is a mix of boutique and local traders all located approximately 10 minuets walk away from this property. Also situated in Ryde are local Doctors and Dentists surgeries, also Specsavers.

Ryde is the Largest Town on the Isle of Wight having a population of around 25,000, making it very popular with tourists and day-trippers. Links to the mainland are easy in Ryde as the Catamaran and the Hovercraft run serval times during the day.

A detached Victorian property which has been converted into 5 apartments. These five flats are currently let on 6 monthly ASTs.

Each flat is self-contained, flats 1 & 2 offer 2 bedrooms and flats 3, 4 & 5 offer 1 bedroom. The property benefits from a communal garden to the side and rear and the possibility of creating parking spaces if required.

Accommodation is as follows with approximate sizes:

Flat 1 - living room 3.1m x 3.3m, kitchen 2.7m x 2.2m, bed 1 3.4m x 3.8m max, bed 2 2.9m x 1.5m, shower rm.

Flat 2 – living room 3.2m x 3.7, kitchen 3.2m x 2.3m max, bed 1 3.5m max x 2.5m, bed 2, 1.6m x 3.5m, shower rm.

Flat 3 – living room 3.2m x 4.9m max, kitchen 2.4m x 2.7m, bed 3.9m x 2.6m, shower room.

Flat 4 – living room 3.2m max x 4.9m max, kitchen 2.4m x 2.7m, bed 3.9m x 2.6m, bathroom.

Flat 5 – 1 bedroom apartment, sizes not currently available.

The vendor has previously had planning permission to develop the site with a two storey extension to create 3 further self-contained 1 bedroom apartments. The planning permission is just being renewed on this and plans can be seen at iwight.com under P/00924/13 or TCP/10703/F.

Our client is currently asking in the region of £500,000 for this free hold property.
Proposed parking for 4 vehicles.
The planning permission has been applied for details to be confirmed.
All viewings to be arranged by HRD Commercial. Due to the tenancies in place we have to give at least 48 hours’ notice for viewings. Please contact 01983 527727 to arrange a convenient time.


Location: Flat 1, 31 Weeks Road, PO33 2TL

Ryde St Johns Road (0.4 miles)

Smallbrook Junction (0.7 miles)

Ryde Esplanade (0.8 miles)

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